Steem Total Value Powered Up - $38 million - April 9, 2023
This is next in my series of posts reviewing the amount and value of powered up STEEM on the Steem blockchain. For previous posts, see the end of this entry.
Noteworthy in the last week |
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- Week over week, the number of powered up STEEM increased by about 250 thousand SP, or 0.14%.
- Over the course of the week, we saw five daily increases and three new highs in the number of staked STEEM.
- The modeled value of powered-up (staked) STEEM gained ground against all comparison tokens.
- Changes ranged from 2.63% against ETH to 8.45% against LTC.
- Compared to the January 1, 2023 baseline, the modeled value is higher than all comparison tokens, except for BTC.
- This week's completed powerdowns were reported at 516K, which is an increases of almost 17 1/2% from last week's 426K.
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $37,929,098.37
External STEEM market cap (coingecko) $94,219,375.94
Internal STEEM market cap (median_price * current_supply) $99,182,300.00
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2023 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.07 | 570,233,757 | 445,758,870 | 127.92% |
| steem-dollars | $2.72 | 13,944,521 | 11,564,498 | 120.58% |
| bitcoin | $28,007.00 | 1,354 | 1,477 | 91.71% |
| ethereum | $1,853.77 | 20,460 | 20,406 | 100.27% |
| litecoin | $90.09 | 421,013 | 344,287 | 122.29% |
| steem | $0.22 | 172,896,175 | 166,882,703 | 103.60% |
| USD | $1.00 | 37,929,098 | 24,516,738 | 154.71% |
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Daily Changes
Here is a chart of daily changes in powered-up STEEM from April 11, 2021 to present. The graph also includes a linear trend line and a 28 day moving average. The 28 day moving average is continuing to run near 100K per day.
Here are some descriptive statistics, for numbers geeks.
VESTED STEEM
Today's observed value was 172,892,550, which is up by about 250K STEEM, or about 1/6% from last week's observed value. The graph continues to show a gentle upslope.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, today's value - nearly $38 million - remains higher than the December 30, 2022 low of $23,718,335.58. It gained by about $1.6 million - or 4 1/2% from last week's value.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM gained against TRX by about 22 million tokens or roughly 4%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Powered-up STEEM gained ground by about 1 million SBDs over the last week, which is a bit under 8 1/3%.
Modeled value of powered-up STEEM as a percentage of Steem's market cap
After today's observed value of 40.17% the graph is still showing a very slight upslope. We have now seen 16 consecutive days above 40%, 370 consecutive days above 39%; 434 consecutive days above 37%; 561 consecutive days above 35%; and 624 straight days above 1/3.
*As previously reported, the big drop on December 4, 2022 was due to a correction in the value that Coingecko is getting for its circulating supply. Numbers before December 4, 2022 were based on an artificially low supply measurement.
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Powered-up STEEM was up by 73 BTC, or almost 5 3/4%.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM gained ground in the last seven days by 526 ETH, or a bit over 2 1/2%.
Modeled value of powered-up STEEM in terms of LTC
In the last 7 days, powered-up STEEM gained against LTC by about 33K LTC, which is about 8 1/2%.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 516K in completed powerdowns last week and 377K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential decrease in powerdowns by about 26% or more.
The horizontal lines are the average values for completed (blue) and pending (cyan) powerdowns, and the yellow line is a 28 day moving average of completed powerdowns. "Pending" numbers now come from the Steemit API, not from steemdb.io.
Here are some descriptive statistics for the numbers geeks
| And with a total of 989 pending power downs (up from 937 last week), here are the times, dates, and amounts of the top-10 |
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1 2023-04-16T15:05:57 - 51,950,826 VESTS, 29,337 STEEM
2 2023-04-13T05:43:18 - 44,282,968 VESTS, 25,007 STEEM
3 2023-04-16T09:01:15 - 42,912,895 VESTS, 24,233 STEEM
4 2023-04-13T17:14:30 - 41,052,388 VESTS, 23,183 STEEM
5 2023-04-15T15:11:21 - 27,495,107 VESTS, 15,527 STEEM
6 2023-04-13T02:37:48 - 24,094,750 VESTS, 13,606 STEEM
7 2023-04-13T06:22:45 - 22,189,945 VESTS, 12,531 STEEM
8 2023-04-16T06:53:21 - 22,136,269 VESTS, 12,500 STEEM
9 2023-04-13T05:54:57 - 19,308,449 VESTS, 10,904 STEEM
10 2023-04-13T00:51:36 - 14,801,769 VESTS, 8,359 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $38 million - April 9, 2023
- Steem Total Value Powered Up - $36 million - April 2, 2023
- Steem Total Value Powered Up - $37 million - March 26, 2023
- Steem Total Value Powered Up - $38 million - March 19, 2023
- Steem Total Value Powered Up - $31 million - March 12, 2023
- Steem Total Value Powered Up - $37 million - March 5, 2023
- Steem Total Value Powered Up - $41 million - February 26, 2023
- Steem Total Value Powered Up - $40 million - February 19, 2023
- Steem Total Value Powered Up - $38 million - February 12, 2023
- Steem Total Value Powered Up - $36 million - February 5, 2023
- Steem Total Value Powered Up - $35 million - January 29, 2023
- Steem Total Value Powered Up - $33 million - January 22, 2023
- Steem Total Value Powered Up - $30 million - January 15, 2023
- Steem Total Value Powered Up - $25 million - January 8, 2023
- Steem Total Value Powered Up - $24 million - January 1, 2023
For links from 2021 and 2022, see these posts:
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $36 million - June 26, 2022
- Steem Total Value Powered Up - $26 million - December 18, 2022
Pixabay license, source
Reminder
Visit the /promoted page and #burnsteem25 to support the inflation-fighters who are helping to enable decentralized regulation of Steem token supply growth.
I was really curious about your report this week. Unfortunately, the trading volume on the 6th of April did not affect the level of the powerups. So the price jump remains a short pleasure :-|
I had assumed that it was a pump & dump, but I was hoping that it would stay high enough for long enough to show up in the Sunday numbers. I agree that it doesn't seem to have had any lasting impact, though.
I am glad to see that powerdowns are down to relatively low levels - at least for now.
The price of the SBD had an increase this week, I hope that many people have made a profit, well, it is what this is done for, manipulation and more manipulation, but I agree, it is the business
Many thanks for the analysis. Steem power this week looks pretty good. I wish this empowerment to increase even more.